Cheney said that "nobody anywhere was smart enough to figure it out." Is that so? I guess I should consider that compliment but I don't. Anyone with a knowledge of history and economics could see it coming more than 10 years ago. You can't borrow and borrow (in other words, print fiat money) without limit without it coming back and biting you. The same is true for countries as it is for individuals.

Cheney said that "nobody anywhere was smart enough to figure it out." Is that so? I guess I should consider that compliment but I don't. Anyone with a knowledge of history and economics could see it coming more than 10 years ago. You can't borrow and borrow (in other words, print fiat money) without limit without it coming back and biting you. The same is true for countries as it is for individuals.

Maya Paradise

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Wise Words from the Past

"And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale."

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About Me

Hello, my name is Phil. I'm a writer, retired hardware and software engineer, traveled, multi-lingual, cosmopolitan sort of guy. Welcome to a blog of my thoughts on whatever topic or current event catches my eye, plus recipes, photography tips, you name it. I hope you find it interesting.